This paper presents a framework for assessing the long-run effects of zoning reform on urban development, housing construction, and dwelling prices. We begin by developing a version of the monocentric model of the city that features regulatory restrictions on the capital intensity of housing...

We examine whether a single housing market exists across 16 cities covering two countries, Australia and New Zealand. Distances between almost all of these cities are vastly greater than commuting distances. For instance, Perth is over 2,000 kilometres (kms) from its nearest large city...